Hello, I am new to the real estate game and I don’t know quite where to start. Initially I was looking into saving money to buy rental properties but it’s taking a long time. I recently heard about wholesaling. It seems like a good idea but I’m not quite too sure. I’m just trying to figure what’s the pros and cons are to it? Is it worth it or should I stick with just saving for rental properties (it will take a while). What is the best course of action? Please help!!!!
Hi Jay! I recommend reading House Academy's eBook. There you'll a better idea of what wholesaling is and help you figure out which route you want to purse now. Please feel free to reach out to me with any questions.
The problem with buy and hold immediately is that eventually your debt to income ratio will prevent you to continue with your portfolio. I cant talk for others but I picked wholesaling first. Heck if you can flip first, I would start there (just make sure you learn about how to flip successfully).
Personally wholesaling done the right way is the lowest risk to make money fast.